Not sure if you have ever sat in a bankruptcy. I have sat threw few...
Assets or only what you can get for them..
When a Trustee is selling them they can take bids.
The bids usually always leave shareholders out!
No one bids high to a bankruptcy offer.
When people say it is worth 15 in Bankruptcy is rubbish. If it was the banks would have it at 12-14.. Too much debt... Chances are Shareholders would be left with nothing and some creditors too..
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